Work

Maximizing Stockholder Wealth under Corporate Governance Mechanisms: Evidence from EGX

Year: 2021

Type: article

Abstract: The study dealt the corporate governance mechanisms (CGM) to achieve the goal of maximizing stockholder wealth. That under the dividend decision is the crux of the agency problem. A quantitative sample of 15 companies listed on the Egyptian Stock Exchange for the period from 2005 to 2019. According to the quantitative analysis, the interpretation rate of corporate governance mechanisms is 60.97% of maximizing stockholder wealth in the Egyptian business environment. While the qualitative analysis included 417 individuals that have been examined according to a survey (questionnaire). The results concluded that there is a significant difference in the attitudes of stakeholders towards the role of CGM in determining dividend decision.

Source: International Journal of Economics and Finance

DOI: 10.5539/ijef.v13n4p1

Authors: Osama Wagdi, Eman Salman, Walid Abouzeid

Institutions: Egyptian Chinese University, Helwan University, International Academy for Engineering and Media Science

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W3135078747

FWCI: 0.981

Cites: 58

Cited by: 6

Related to: 10